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Startup Funding: April 2021 April showers brought mega fundraising rounds to the semiconductor industry. In China, a mobile chipset maker looking to go public won significant funding along with partnerships with major smartphone companies. In the US, AI hardware startups are drawing interest with unique processor architectures and business models. Plus, a major test and design services company drew new investment. This month, we take a look at 22 companies that collectively raised over $2.3B. Semi & design Guosheng Capital, Haier Financial, and W&W Fund among the participants. The fabless company designs a range of chipsets for mobile and IoT/IIoT applications, including 5G mobile and baseband as well as NB-IoT. It is currently working with Xiaomi and OPPO on a sub-6GHz 5G chip. Formerly known as Spreadtrum before its acquisition by Tsinghua Unigroup, Unisoc is based in Shanghai, China. It is reportedly preparing to list on the Shanghai STAR market later this ....
DBusiness Daily Update: U-M's Accelerate Blue Fund Makes First Investment, Oakland County Retains Moody's Aaa Bond Rating, and More dbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dbusiness.com Daily Mail and Mail on Sunday newspapers.
Contact: [email protected] The Accelerate Blue Fund, a University of Michigan early-stage venture fund raised through philanthropy, has reached its first fundraising milestone and made its first investment in a U-M tech startup. The recipient of the fund’s first investment is Movellus Inc., which provides technology to boost semiconductor chip design for cloud computing, artificial intelligence and other applications. Movellus, based in San Jose, California, with operations in Ann Arbor, launched in 2016 with help from U-M’s Office of Technology Transfer. Accelerate Blue has made an initial investment of $150,000 in Movellus as part of a $3 million bridge round. ....
U-M venture fund makes first investment after reaching $2M first-close fundraising milestone umich.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from umich.edu Daily Mail and Mail on Sunday newspapers.
University startup efforts push forward as new capital comes available Accelerate Blue Fund will focus on early-stage investing for university startups Tech transfer efforts continue forward at state s three research institutions University of Michigan Kelly Sexton with the University of Michigan s technology transfer office speaks about the Accelerate Blue venture capital fund A long-planned philanthropic venture capital fund sponsored by the University of Michigan is up and running, with the goal of bolstering early stage startups in Ann Arbor and around the state. The Accelerate Blue Fund aims to be a $20 million fund targeted at early stage companies looking to spin out from the university. All returns the fund realizes would be reinvested. ....